Thats three times bigger than Exxon Mobile, a real company with real, income producing assets. If you do your research, find ways to secure your investments, and buy into projects with a promising future, you may find yourself making more than any other market in the world is currently returning. It is also the most prominent triple entry bookkeeping system in existence. You are at: Home news adoption »Eyewear merchant Coastal and newspaper Chicago Sun-Times to accept Bitcoin in 2014. Bitcoin basics teach you to backup wallet files and encrypted passphrases are used to insure computer problems do not result in a loss of Bitcoin. Bitcoin is not regulated in Kenya at this time, and they are not issued nor guaranteed by any central bank. What makes this warning so interesting is how the central bank of Kenya has put it as a paid advertisement in the local dailies. Does anyone at the Augusta Chronicle know what a Ponzi scheme is? The reporter, Damon Cline, claims Bitcoin is a subject he never really wanted to address and write about, which is obvious while reading the article. Why not take 1200 real companies with real, income producing assets listed on the stock market and use their combined value? This evaluation is ridiculous.
Once Cash is Gone, Bitcoin is Society's Best Hope For Privacy
As a result, people dabbling around with virtual currency should be extra careful with how they manage and spend their money. Chinas state media today praised blockchain technology and the potential benefits it may bring to society. In this regard, no entity is currently licensed to offer money remittance services and products in Kenya using virtual currency such as bitcoin. People often cover their misunderstanding with statements like this, but newspapers dont usually publish such statements. The article linked below was published in the Augusta Chronicle, a newspaper based in Augusta, Georgia and owned by Gatehouse Media. With reports circulating last year that China has plans to create its own national cryptocurrency, it seems likely that the governments main concern was its lack of control over developments.
Central Bank of Kenya Warns About
A small list of the risks associated with buying, holding, and trading Bitcoin and other digital currencies are then presented in the paid advert. For some reason he is adding the value of over 1200 crypto assets into one bucket, and comparing it to the value of one company. Warnings like these are meant to warn the everyday consumer about the possible pitfalls associated with digital currency, and how they should be aware of these risks. This is very beneficial to some users, however it poses some issues. . In addition, anyone with any bitcoin newspaper article knowledge of cryptocurrency knows there are many tokens, but Bitcoin is not one of them. Bitcoin Is Not Banned in Kenya Though. What newspaper publishes an article where the author states buying an investment that is expected to increase in price in the future makes it a Ponzi scheme? There are thousands of cryptocurrency projects you can invest. This means that they can make and receive payments on any day at any time. . We hate spam as much as you.
Bitcoin, in Paid, newspaper
This creates a controversial use of the currency, which is to be decided by users if and how they use. This is completely inaccurate and further indicates no experience at all with actual Bitcoin wallets. The article states, (Bitcoins) value is predicated solely on the idea it can be sold to someone else for more money in the future, much like a Ponzi scheme. According to data taken from Coinmarketcap, Chinese market volume, which represented over 98 percent of global markets fell a staggering amount to just 15 percent. The worst piece of reporting soon follows. The first bitcoin used a concept called cryptocurrency. Let us know in the comments below!
Source: News-Kenya, images courtesy of News-Kenya, CBK, Shutterstock. This seems to be an indication of how the central bitcoin newspaper article bank is desperately trying to keep its customers tied to its ecosystem and is afraid of people looking for alternative financial solutions in the long run. Here is the article. Featured Image credits. While no government officials are commenting on the situation, it looks like Bitcoin regulation could be on the agenda in Kenya at some point. The article seems to imply that whilst it is unlikely that fully decentralized cryptocurrencies such as Bitcoin, Ethereum and other systems will return, China wishes to embrace the technology underpinning them on its own terms. Now that Bitcoin is gaining more popularity all over the world; the time has come once again for central banks to warn about the potential dangers of digital currency.
Blockchain was described as potentially the next internet, with the publication stating that Chinese authorities would better promote and use blockchain technology in order to continue to improve infrastructure and strengthen the formulation of relevant laws and policies. But this time, its the central bank of Kenya issuing a statement on trading or holding Bitcoin and other virtual currencies. Isnt any investment anyone purchases, whether a stock, mutual fund or gold, made with the idea it can be sold to someone else for more money in the future? Alternatively, an advantage to bitcoin is that there is payment freedom. Central Bank of Kenya Doesnt Like Bitcoin. This article was sent by an anonymous contributor, author opinion and views are solely their own. Cryptocurrency is a subject Cline admits does not really appeal to him, and that admitted lack of interest should be enough to make readers question if the information in the article has much value. Nothing is backing the US dollar other than promises. This only shows the author simply didnt have the time to find out how to present the subject in a way readers can understand. Additionally, this paid advert warning can be seen as an indication as to how Bitcoin adoption is growing in Kenya. Cline makes statements with no value, such as if all this seems outlandish, its because it is, when referring to Bitcoin mining. It is like trying to make a comparison of the value of all restaurant chains added together to Microsoft, and somehow correlating them. The central bank of Kenya then goes on saying how.